1 of 13
Tools
Size
7
Bedrooms
2
Full Baths
1,946 Sq Ft.
interior
0.24 Acres
Exterior
Financial
$199,000
Change Currency
$102
Price Per Sqft
$2,387
Annual taxes
Listing Details
Single Family
Property type
1957
Year Built
10132662
Web Id
7402999
MLS ID
111
Days Posted
Description
1152 Parkwood Drive,
Forest Park,
GA
30297
Forest Park, GA 30297
Eureka! You've found the ultimate cash-flowing rental. This 4-sided brick PadSplit coliving home generates over $4,600 per month in gross rental income ($56,000+ per year). This investment offers a unique combination of cash flow and turnkey management. After expenses the CAP rate is over 12% and 20% cash-on-cash ROI. Featuring granite countertops and upgraded bathrooms, this fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to public transit and I-75 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but also provides an avenue for investors to achieve 2-3x+ cash flow of typical rental properties. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI.
This is an Pending listing.
Broker Office Phone Number: 404-564-5560
Copyright © 2024First Multiple Listing Service, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Pending listing.
Broker Office Phone Number: 404-564-5560
Copyright © 2024First Multiple Listing Service, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Driveway
Price History
date | price | variance | type |
---|---|---|---|
6/30/2024 | $199,000 | - | Contract |
6/18/2024 | $199,000 | - | Listed |
4/16/2024 | $224,000 | - | off market |
1/9/2024 | $224,000 | - | Listed |
Listing By: Keller Williams Realty Metro Atlanta via Data Source: First Multiple Listing Service, Inc.
listing agent: Josh Stanton